Scottish Enterprise-backed firms record £1.3bn in turnover growth

scottish enterpriseThe companies working with Scottish Enterprise through its account management service generated total turnover growth of £1.3billion in the course of the last financial year, according to latest figures.

The data revealed that strong growth was recorded particularly in the sectors of Technologies & Engineering, and Financial & Business Services.

For the current 2015-16 period, the enterprise agency projected that firms in the Enabling Technologies & ICT sector will see the most significant increases. The industry is also predicted to perform strongly over the year with international turnover growth.

The figures were gathered from turnover statistics submitted by the account managed companies working with Scottish Enterprise.

John Swinney
John Swinney

Deputy First Minister John Swinney said: ‪“Scottish Enterprise’s latest figures demonstrate welcome progress to grow Scotland’s economy. I am delighted to see that account managed companies in key industries such as Technologies & Engineering and Financial & Business Services have recorded strong growth this year and that the Enabling Technologies and ICT sector is predicted to perform strongly in 2016 in terms of international growth.

“The Scottish Government is working closely with Scottish Enterprise and other agencies to support companies to expand, connect with new and emerging markets, and to retain Scotland’s position as the best place to do business.”

Scottish Enterprise’s senior director of company growth, Rhona Allison, added: “Companies tell us that our account management service is helping them to grow and expand, so it’s no surprise that we’re seeing such positive figures around turnover growth.

“We work intensively with these companies because we know that’s what generates the greatest economic impact for Scotland. These are ambitious companies who have clearly shown that by innovating, investing in their future and searching out new opportunities in international markets, they can grow their operations and create jobs.”

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